Question

 STUDENT LOAN QUESTION: I was curious about whether you could be put in jail for defaulting on student loans?

Answer You cannot be put in jail for defaulting on your loans because there is no debtor's prison in the U.S. Also, you cannot have your education revoked because of bad debt. However, your Alma Mater may... Read More »
http://answers.yahoo.com//question/index?qid=20060724193022AAvdide

Top Q&A For: STUDENT LOAN QUESTION: I was curious about whet...

Can someone be sent to jail for defaulting on the student loan?

No. Debtor's prison in the United States was outlawed in about 1833. Now - you can still go to jail for things that are related to refusing to pay your debts, like, for example, if you are convicte... Read More »
http://answers.yahoo.com//question/index?qid=20080716192652AAgPCNU

What is a good student loan lender to consolidate student loans through?

I am assuming these are federal student loans. Federal student loans (stafford, plus, etc) have to be serviced in accordance of what he US Dept of Ed says. This is what consolidastion does regardle... Read More »
http://answers.yahoo.com//question/index?qid=20070801154825AALvU5k

Does cosigning for a student loan affect getting student loans myself?

It could affect your ability to get other credit-based loans. Your liability for this debt may be included in computing your debt-to-income ratio and may prevent you from getting approval for other... Read More »
http://answers.yahoo.com//question/index?qid=20080403202113AAb6kiF

Does anyone know the penalties of defaulting on a student loan?

I don't know about legalities but defaulting on a loan of any kind seriously screws up your credit.Obviously, you have a college education and you're now an adult. Your credit rating is extremely ... Read More »
http://answers.yahoo.com//question/index?qid=20080206060308AAYmcBh


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